Hot Web, Inc. Posts $210,000 Week from New Operations Center
BOISE, Idaho--Brian Hanold, Hot Web, Inc. (Pink Sheets:HWBI) President and CEO, reported that the first full week of operations for the National Internet Headquarters, Sales and Showroom Consignment includes closings of four “big ticket” cars in five days: a 1939 Ford Cabriolet for $100,000; a 1962 Chevrolet Impala SS 409 for $48,000, a 2003 Chevrolet Corvette Anniversary Edition for $42,500, and a 1972 Chevrolet Nova Pro-Street, for $20,000, with total sales of $210,500. “We are experiencing strong upward intensity, both in interest in and sales of expensive autos.” Hanold continued, “We have received new showroom consignments with an estimated retail value of $310,000, which features a 1967 Camaro RS/SS, at $44,000, a 1965 Ford Mustang Coupe, valued at $20,000, a rare 1980 Ferrari BB512 Boxer, worth $110,000, a 1950 Ford Convertible, for $50,000, a unique 1932 Ford Roadster ”Award Winning Show Car,” offered at $60,000, a 1975 Rupp Centaur Trike, for which we’re asking $10,000, a 1977 Sleekcraft Kauai Jet Boat, for $11,000, and a 1960 Dorsett Belmont Boat, for $5,000.”
“While we are excited that some of the recent activity is directly related to our new headquarters,” Hanold continued, “we are also very pleased with the increased Internet activity and market signs apparent after the elections. Web traffic is up, sales are showing good promise and we have been contacted by several vehicle collections for representation. With positive market conditions such as this, we are perfectly positioned to take advantage of the rapid expansion possibilities within our network of Big Ticket Internet Sectors including boats, recreational vehicles, aircraft and motorcycles.”
About Hot Web, Inc.
Hot Web, Inc. operates a portfolio of diversified online businesses focusing on services related to the sale of “big ticket” transportation-related items. The Company’s mission is to “change the way the world buys and/or bids online” by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and more protected way to conduct online/offline commerce.
The Company’s Hot Auto Web subsidiary is engaged in the business of direct-to-consumer sales and auctions of highly coveted collectable vehicles. While Hot Auto Web currently sells other forms of conveyance, such as RVs, Aircraft, Motorcycles and Boats, the company will be building vehicle-specific web sites to facilitate listings and sales in the same manner as its Hot Auto Web property.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hot Web, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.